Question
the formula of calculating APR monthly You take out a mortgage for $450,000$450,000 at 5.5%5.5% compounded quarterly for 1515 years. (a) What are your periodic
the formula of calculating APR monthly
You take out a mortgage for $450,000$450,000 at 5.5%5.5% compounded quarterly for 1515 years.
(a) What are your periodic payments IF you save 10%10% for a down payment first?
(b) How much interest is paid over the life of the loan?
its hard to understand with the periodic answer
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Options Futures And Other Derivatives
Authors: John C. Hull
7th Edition
0136015867, 9780136015864
